Tonight, U.S. stocks and #Bitcoin are once again taking “multiple” hits!
Geopolitics: Trump suddenly took a harder line on Iran, saying there was no need to reach a deal! Brent rose in response, weighing on risk markets!
Macro: Fed Governor Hammack said she wanted steady, modest rate hikes. Combined with hawkish comments from several other Fed officials recently, this struck a chord, and markets are starting to price in a return to rate hikes! U.S. Treasury yields across the 2-year, 10-year, and 30-year maturities are rising, putting pressure on the market!
The AI narrative: Nvidia is changing leadership, and Jensen Huang has been forced out. Tech stocks are under pressure, but some funds are starting to rotate into other tech stocks! Volatility risks are undermining market confidence!
In the short term, risk markets are under extreme pressure. Many of you may already be panicking, but from the perspective I mentioned this week, I still believe this week—up until the rate hike at the December 9 policy meeting is delivered—presents a buying opportunity!
The same goes for gold. Tonight, U.S. stocks rebounded while gold fell—a classic case of selling gold to raise liquidity, either to add to positions or buy the dip. But now U.S. stocks are falling again, while gold is rebounding. The logic behind the two is very clear!#黄仁勋辞任CEO，英伟达战略走向受关注
Geopolitics: Trump suddenly took a harder line on Iran, saying there was no need to reach a deal! Brent rose in response, weighing on risk markets!
Macro: Fed Governor Hammack said she wanted steady, modest rate hikes. Combined with hawkish comments from several other Fed officials recently, this struck a chord, and markets are starting to price in a return to rate hikes! U.S. Treasury yields across the 2-year, 10-year, and 30-year maturities are rising, putting pressure on the market!
The AI narrative: Nvidia is changing leadership, and Jensen Huang has been forced out. Tech stocks are under pressure, but some funds are starting to rotate into other tech stocks! Volatility risks are undermining market confidence!
In the short term, risk markets are under extreme pressure. Many of you may already be panicking, but from the perspective I mentioned this week, I still believe this week—up until the rate hike at the December 9 policy meeting is delivered—presents a buying opportunity!
The same goes for gold. Tonight, U.S. stocks rebounded while gold fell—a classic case of selling gold to raise liquidity, either to add to positions or buy the dip. But now U.S. stocks are falling again, while gold is rebounding. The logic behind the two is very clear!#黄仁勋辞任CEO，英伟达战略走向受关注
